Trinity Capital (NASDAQ:TRIN) Announces Earnings Results

Trinity Capital (NASDAQ:TRIN) released its earnings results on Wednesday. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.03, Zacks reports. Trinity Capital had a return on equity of 15.90% and a net margin of 40.73%.

Trinity Capital Price Performance

Shares of TRIN traded up $0.83 during mid-day trading on Wednesday, hitting $16.57. 899,429 shares of the company were exchanged, compared to its average volume of 543,704. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.05 and a current ratio of 0.05. The company has a 50 day moving average of $15.07 and a 200-day moving average of $14.39. Trinity Capital has a 1-year low of $13.05 and a 1-year high of $16.82. The stock has a market cap of $975.84 million, a price-to-earnings ratio of 9.69 and a beta of 0.56.

Trinity Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.04 annualized dividend and a yield of 12.31%. Trinity Capital’s dividend payout ratio is presently 119.30%.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company restated an “underweight” rating and issued a $13.00 target price on shares of Trinity Capital in a report on Monday, December 2nd.

About Trinity Capital

Trinity Capital Inc is a business development company. It is a venture capital firm specializing in venture debt to growth stage companies looking for loans and/or equipment financing. Trinity Capital Inc was founded in 2019 is based in Phoenix, Arizona with additional offices in the United States.